47, CEDAR CLOSE, MARGATE, CT9 2TT - £212,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

47 CEDAR CLOSE is a very small terraced house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £204,297. It was last sold for £212,000 in April 2022, which was around 20% below the average April 2022 terraced price in the Thanet local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

47 CEDAR CLOSE Sold Prices

Land registry data shows one sale for 47 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Thanet local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 13 APR	£212,000	£263,552	20% below HPI

What might 47 CEDAR CLOSE be worth now?

47 CEDAR CLOSE might now be worth an estimated £204,297.

This is based on house price deflation of 3.6%, between April 2022 and April 2026, for terraced houses, in the Thanet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% deflationary decrease is applied to the most recent sale price for 47 CEDAR CLOSE of £212,000 on 13th April 2022. For the value to have decreased from £212,000 to £204,297 over the four years to April 2026, the following assumptions must hold true:

• The value of 47 CEDAR CLOSE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The April 2022 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 47 CEDAR CLOSE has not materially changed since April 2022.

How Large is 47 CEDAR CLOSE?

47 CEDAR CLOSE is 64m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 20% of terraced houses in Margate, based on EPC data. The below chart shows the distribution of terraced houses by size in Margate, and where 47 CEDAR CLOSE lies on this distribution: 10% of terraced houses are smaller than 47 CEDAR CLOSE, and 89% of terraced houses are larger. Note that EPC data is not available for all properties in Margate.

47 CEDAR CLOSE: Plot

47 CEDAR CLOSE sits on a plot of roughly 0.023 of an acre, or 92m².

Where is 47 CEDAR CLOSE?

47 CEDAR CLOSE is located in MARGATE, in the CT9 postcode district.